Excelsior Mining

Financials:

Primary ticker: TSX:MIN, OTCQB:EXMGF
Stage of development: Development, Production
Primary minerals: Copper
Project to promote: Gunnison Copper Mine, JCM Mine
Project location: Arizona
Website: excelsiormining.com
Corporate presentation: Click here

Excelsior Mining Corp. is a copper production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low cost, environmentally-friendly “green” copper operation, permitted to 125 million pounds of copper cathode production annually.

Gunnison is the world’s most eco-friendly copper project. We also own the past-producing Johnson Camp Mine, which we plan to restart, and numerous other exploration projects, including the Strong and Harris & Peabody Sill Deposits.

Cash: USD$8.38 M
Debt: USD$15.4 M

Major shareholders:
Greenstone Resources – 41.5%
Triple Flag Mining – 5%
Management Ownership – 4%

Management Profile

Roland Goodgame – Senior Vice President Business Development
Mr. Goodgame has been involved in the mining industry for over 30 years and has held senior roles in several large mining companies. He served as Senior Geologist of Anglo American PLC from March 2002 to January 2007 and was responsible for Asia/Pacific nickel and copper exploration and project evaluation/generation. Prior to this, he spent 14 years with WMC Resources Ltd., where he gained extensive experience in small and large scale gold and nickel mining.

What is your rationale for taking part in 121 Mining Investment?

General market awareness and institutional meetings

What recent news would you like to highlight to investors attending?

Oct 18 2022 – Well Stimulation Modelling Results for the Gunnison Copper Project
Jan 15 2023 – Collaboration with Nuton, a Rio Tinto Venture on sulphide leaching at the JCM Mine

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Well stimulation permit and stimulation trials for the Gunnison ISR copper project. Nuton completing certain test work on materials collected from the Company’s Johnson Camp mine project to confirm that suitable conditions exist to deploy the Nuton technologies on sulphide leaching.

6 Months:
Results from the well stimulation permit and stimulation trials for the Gunnison ISR copper project.

12 Months:
Getting the Gunnison ISR copper project operating at expected levels

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

CO2 bubbles in the wellfield impeding the flow rate and copper production. We are going to conduct wellfield stimulation in the coming months, which may have a positive material effect on the trapped CO2, flow rate and copper production

What do you think makes your company such a compelling investment?

We are one of the lowest valued copper mines compared to both our NPV and contained copper. Upcoming well stimulation trials may have a positive material effect on operation, which would provide a re-rating of the company an possible valuation.

What are the top 3 key investor takeaways?

Large copper potential from multiple assets. Safe jurisdiction. Large upside possible with both wellfield stimulation of Gunnison Project, and recent work on sulphide leaching potential at the JCM Mine